Jinfei Kaida(SZ:002863)2024-10-08 08:39Group 1: Company Overview - The company is Zhejiang Jinfei Kaida Wheel Co., Ltd., with stock code 002863 and bond code 128056 [1] Group 2: Investor Relations Activity - The investor relations activity took place on October 2, 2024, at Watson Manufacturing (Thailand) Co., Ltd. [2] - Participants included representatives from various investment management companies and the company's board secretary [2] Group 3: Business Operations and Market Strategy - Watson's order volume is sufficient, and the company is actively expanding its market presence, having secured projects with leading new energy manufacturers [3] - The company plans to increase investment in its Thailand base, with a project to produce 2 million new energy vehicle wheels annually, expected to enhance competitiveness and capture overseas market share [3] - Establishing a production base in Thailand allows the company to reduce international trade barriers and benefit from zero tariffs on exports, maintaining a competitive pricing advantage [3] Group 4: Project Details - The annual production project for 2 million aluminum alloy wheels is located in Rayong Province, CPGC Industrial Park, with a total investment of 55,717.73 million RMB, expected to be completed by Q4 2025 [3] - The project will utilize advanced technology and smart manufacturing processes to meet the demand for high-quality aluminum wheels in Southeast Asia [3] Group 5: Pricing and Taxation - The company employs an aluminum price-linked pricing mechanism, minimizing the impact of raw material price fluctuations [3] - Watson's corporate income tax rate is set at 20% [3] Group 6: Business Development and Future Plans - The company has no current plans for mergers or acquisitions, focusing instead on sustainable development and core business growth [4]